CTT - Correios De Portugal, S.A. (CTTPY) Q4 2025 Earnings Call Transcript

SA Transcripts159.05K FollowersFollow5ShareSaveComments CTT - Correios De Portugal, S.A. (CTTPY) Q4 2025 Earnings Call March 19, 2026 5:00 AM EDT Company Participants João Bento - CEO & Executive DirectorJoao Carlos Sousa - CMO & Executive DirectorGuy Patrick Guimarães de Pacheco - CFO & Executive DirectorNuno Manuel Luis Vieira - Head of Investor Relations Conference Call Participants Joao Safara Silva - Banco Santander, S.A., Research DivisionJoaquin Garcia-Quiros - JB Capital Markets, Sociedad de Valores, S.A., Research DivisionFilipe Leite - Banco BPI, S.A., Research DivisionMathias Paladino - TPICAP Midcap, Research DivisionAntónio Seladas - A|S Independent Research Presentation João BentoCEO & Executive Director [Audio Gap] Because 2025 marks the end of our strategic cycle. We have announced ambitions -- financial ambitions for 2025 back in our Capital Markets Day in 2022 because it's also the end of the term of the present Board of Directors and my own ownership of this company, we decided to include this Slide #4 with a number of remarkable points in our journey. But moving to Slide #5 and starting with the business of the day. We closed 2025 by -- with a very steady growth, both on revenue and EBIT, a cycle that comes back from the early days when this management team joined CTT, but more than that -- more than a significant growth along this cycle on revenues and EBIT, a very significant transformation. And we see a reasonably stable mail revenue profile throughout these years while the company was growing at around 11% on revenues. And on EBIT, a very radical shift in the sources of value creation since the company was a mere mail company with an early bank that had been born a few years before back in 2018. And now we are mostly an e-commerce logistics player, whereby the main contribution for revenues and for EBIT comes